CMC Markets Review – Is CMC Markets Scam or Legit? (CMC Markets is an HONEST Broker!)

CMC Markets

8.8

Trading Platform

9.0/10

Education

9.2/10

Asset Index

8.5/10

Account Management

8.0/10

Customer Support

9.1/10

CMC Markets Review

CMC Markets supports a variety of trade instruments and offers a comfortable and facilitated trading environment. It is a good choice for traders of all types, individual, new or experienced, traders, and corporations because it offers multiple account types that suit traders of different backgrounds. So, you should consider CMC Markets if you are looking for a secure and facilitated broker to trade with.

CMC Markets
Pros Cons
Supports the trade of Forex, Indices, Commodities, Shares, EFTs, and Treasuries U.S. clients not accepted.
No initial deposit for accounts. The self-designed trading platform differs from the MT4 Alternative.
Fully regulated by the FCA. Does not support Algo-trading (automated trading).
Reliable Customer Support Services

Introduction

Deciding to partake in the online trade industry requires a lot of courage because of the unpredictable nature of the field. You also come across many stories about being scammed by the broker or facing major losses due to market rate fluctuations. So, as a new trader, you may be apprehensive about the outcome you will have. However, if you start on the right foot and have enough knowledge to make smart decisions with your initial investments, then your confidence with trading will increase. This is possible if you are well-versed with trading or if you sign up with a broker that guides you throughout your trades to make smart investments.

Things to Consider Before Signing up with a Broker

The broker that you choose to use as a trading platform plays a huge role in the kind of experience you will have. Since you will spend all of your time as a trader with the broker, you need to make sure that you pick one that meets all your requirements. This depends on the assets that you are interested in trading with, your financial background and knowledge, your location, trading experience, amongst others. Moreover, you should also find out whether the broker is trustworthy or not by checking its regulations and security policies. Trading is a stressful career so, you need to have the assurance that your money is safe to focus on the investment aspects of the job.

Reviewing CMC Markets

·         Top Features

1.      CMC’s Proprietary Trading Platform

The trading platform is one of the most important features to consider when you are signing up with a broker. CMC Markets has a self-designed platform that is packed with various unique and useful features. The interface of the platform is user-friendly and allows easy navigation. You get various versions of the trading platform such as the web-trader, downloadable applications for Android and Apple devices, as well as a MetaTrader4 alternative.

2.      Trading Tools

The broker offers various trading tools that assist you in investments. Some of the features include tight spreads, charts, pattern recognition, technical indicators, amongst others. You will also find the unique feature of the market price projection tool which calculates the probable project price. So, you can rely on the predictions to make your decisions. This only a highlight of the trading tools offered by CMC Markets. If they have piqued your interest, then you should visit the website of the broker to discover the other tools available.

3.      Trade Assets

CMC Markets is a leading Forex and CFD firm and also supports various other assets. The broker supports the exchange of more than 330 currency pairs such as AUD/USD, EUR/GBP, EUR/USD, etc. In addition, the broker supports the trade of indices, commodities, shares, and treasuries. You will find the details about the minimum spreads and the margin rates on the CMC Market’s official website.

·         Account Types

The broker offers four different types of accounts which include Spread Betting. CFD Trading, CMC Pro, and CMC Corporate. All of these accounts have their unique features and benefits that suit users of different backgrounds. So, for instance, the Spread Betting account allows tax-free trading while the CFD Trading account allows you to trade with CFDs with all the assets. Traders can also benefit from the demo account feature of the broker to test out the services it provides.

·         Why You Should Consider Signing up with CMC Markets

CMC Markets takes into account the needs of different types of traders and offers services according to them. The broker is fully regulated so you do not have to worry about the safety of your funds. Moreover, it ensures the privacy of all the confidential information that you provide to the broker. The trading environment allows for comfortable trading and you can benefit from the various trading tools the broker offers. This broker is a good choice for both new and experienced traders as it offers a range of trade instruments to invest in.

Furthermore, the broker offers a reliable customer support team that is available 24 hours a day. You can contact them via email or phone calls, and also by visiting their offices located in Australia, Canada, Austria, and other locations. You can rely on the staff to answer any queries that you may have regarding the trading platform or trade-related issues.

FAQs

1.      What is the minimum initial deposit rate?

The broker does not require an initial deposit to access the accounts. You can access all features of the account from the get-go.

2.      Can you access your account from anywhere in the world?

Yes, you can log in to your account through the various platforms of CMC Markets.

Final Verdict

CMC Markets supports a variety of trade instruments and offers a comfortable and facilitated trading environment. It is a good choice for traders of all types, individual, new or experienced, traders, and corporations because it offers multiple account types that suit traders of different backgrounds. So, you should consider CMC Markets if you are looking for a secure and facilitated broker to trade with.

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